Over-the-year union and nonunion compensation cost changes, December 2004
January 31, 2005
Compensation costs in private industry rose 3.8 percent in the year ended December 2004, compared with a 4.0-percent increase in December 2003.
Gains in compensation costs for union workers continued to outpace those for nonunion workers. Compensation costs for union workers in private industry advanced 5.6 percent over the year ended December 2004, significantly higher than the 3.4-percent increase for nonunion workers.
Wages and salaries for union workers rose 2.8 percent for the 12 months ended in December 2004, compared with an over-the-year increase of 2.4 percent for nonunion workers. Benefit costs for union workers continued to rise sharply, 10.3 percent, compared with an increase of 6.2 percent for nonunion workers in December 2004.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Over-the-year union and nonunion compensation cost changes, December 2004 on the Internet at https://www.bls.gov/opub/ted/2005/jan/wk5/art01.htm (visited October 23, 2020).
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